Show simple item record

dc.contributor.authorWyrick, Thomas L.en
dc.date.accessioned2015-07-28T19:21:20Zen
dc.date.available2015-07-28T19:21:20Zen
dc.date.issued1979en
dc.identifier.urihttp://hdl.handle.net/10919/54786en
dc.description.abstractThis dissertation provides an economic explanation for Ph.D. unemployment. The discussion begins with a theoretical investigation of policy making in nonprofit colleges. The predictions of this analysis are that colleges will operate less efficiently than for-profit firms; that faculty salaries will exceed market-clearing levels (in most disciplines); and that faculty salaries will tend to equalize across disciplines (while market-clearing salaries will probably vary across disciplines). The theory of rent-seeking unemployment is then presented. When the academic wage exceeds the nonacademic wage, those gaining faculty positions receive rents; so some individual will refuse nonacademic jobs (accept unemployment) and search for rent-yielding academic jobs. The hypothesis is that unemployment rates will be highest in those disciplines where the intersectoral wage differential is greatest. Empirical evidence is presented which supports the major hypotheses of this study.en
dc.format.extentvi, 156 leavesen
dc.format.mimetypeapplication/pdfen
dc.language.isoen_USen
dc.publisherVirginia Polytechnic Institute and State Universityen
dc.relation.isformatofOCLC# 6164699en
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subject.lccLD5655.V856 1979.W975en
dc.subject.lcshCollege graduates -- Employment -- United Statesen
dc.subject.lcshLabor supply -- United Statesen
dc.subject.lcshVocational interestsen
dc.titleDoctorate unemployment as rent-seeking behavioren
dc.typeDissertationen
dc.contributor.departmentEconomicsen
dc.description.degreePh. D.en
thesis.degree.namePh. D.en
thesis.degree.leveldoctoralen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.disciplineEconomicsen
dc.type.dcmitypeTexten


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record